SPOTIFY TECHNOLOGY SA (SPOT) Stock Technical Analysis
NYSE:SPOT - New York Stock Exchange, Inc. - LU1778762911 - Common Stock - Currency: USD
Overall SPOT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPOT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SPOT did better than 96% of all other stocks. On top of that, SPOT also shows a nice and consistent pattern of rising prices.
SPOT is one of the better performing stocks in the Entertainment industry, it outperforms 91% of 71 stocks in the same industry.
SPOT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SPOT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SPOT has an average volume of 1957890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SPOT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
406.38
654.81
4 important support areas can be observed.
- Support @508.10 from a trend line in the daily time frame.
- Support @475.59 from a trend line in the daily time frame.
- Support @448.65 from a horizontal line in the daily time frame.
- Support @410.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 632.84 to 648.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.68
Mansfield5.24
10 Day High652.63
10 Day Low605.56
20 Day High652.63
20 Day Low488.04
52 Week High652.63
52 Week Low249.38
Performance
1 Week-6.31%
2 Weeks-2.95%
1 Month21.11%
3 Month27.86%
6 Month77.34%
12 Month137.17%
2 Year422.25%
3 Year288.87%
5 Year342.96%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-2.78
RSI(14)58.78
LBB578.17
UBB671.98
607.38
-29.39 (-4.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-4.62%
1 Week-6.31%
2 Weeks-2.95%
1 Month21.11%
3 Month27.86%
6 Month77.34%
12 Month137.17%
2 Year422.25%
3 Year288.87%
5 Year342.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)24.33
ATR(20)%3.74%
ATR Inc36.56%
Range Today33.45
ADR(20)20.66
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.68
Mansfield5.24
10 Day High652.63
10 Day Low605.56
20 Day High652.63
20 Day Low488.04
52 Week High652.63
52 Week Low249.38
CS1 End508.1
CR1 Start632.84
Volume & EV
DER(3)-1.13%
DER(5)-1.84%
Volume2.20M
Volume Incr-15.44%
Vol(5)1.93M
Vol(50)1.96M